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Jammu and Kashmir Bank Home Loan

Jammu & Kashmir Bank is a Srinagar based bank, popularly known for its enticing home loan and diverse customized home loan features. J&K Home Loan can be availed to purchase/build/expand/renovate your dream house/flat & other related purposes at the most cost-effective rate of interest with no pre-payment charges and at low processing fee. Check out your Home Loan Eligibility for the best home loan with J&K Home Loan Eligibility Calculator and choose your preferred home loan without any hassle.

Also, be a part of Jammu and Kashmir Personal Loan to meet all your expenses in any financial crisis at the most attractive rates of interest.

Loan is available for wide range of home loan requirements such as construction or purchase of residential home or flats, for purchase of a plot only, for repairs & renovation of houses/flats already constructed with own resources or with housing loan whether liquidated or outstanding and for other purposes.

No collateral security /3rd party guarantee is required in all cases except in case of Pensioners- guarantee of spouse / Legal Heir(s), who is / are entitled for family pension, is to be obtained & for NRIs- 3rd party guarantee of two resident Indians of sufficient means to cover the liability.

Loans upto Rs.2.50 lacs (Rs.5.00 lacs in case of employees of J & K State Govt) can be availed for the purpose of repairs/ additions/alterations /extension of existing houses, where the mortgage of the house property is not taken as security.

Professionals, Self Employed Individuals / Businessmen with a minimum 3 years standing in the current profession.

Persons engaged in agricultural and allied activities.

Retired Employees of State / Central Government, Public Sector Undertaking.

Non-Resident Indians are also eligible for financing under the scheme.

In Case of repairs/renovation/alteration/additions to an ancestral property in the name of either father or mother, who is dependent on son / daughter, loan can be granted to the parent(s) by making the son / daughter as co borrower and his /her income can be taken for computation of quantum of loan. amount of housing loan.

Minimum age should be of 18 years for loan sanction

Maximum age is 70 years by which the loan should be fully repaid.

Actual loan amount will be determined taking into consideration the applicant’s income and repaying capacity, age, assets and liabilities, cost of the proposed house/flat, etc.